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2015 BMW i3 Lease Questions

ClairesClaires Member Posts: 1,222
edited April 2015 in BMW
Welcome to Edmunds discussion dedicated to 2015 BMW i3 leasing questions. Here you can find and discuss all the latest lease details for the 2015 i3, including cap costs, money factors, residual values, acquisition fees, etc. Please post any leasing questions you have or any details you’d like to share about your own lease deals.

You can also research local dealer inventory and pricing, reviews, features, and specifications, on Edmunds 2015 BMW i3 page.

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    danielalvaradodanielalvarado Member Posts: 12
    Hello kyfdx,

    Do you have the lease figures for a REx model for 36/15k?

    Thanks! :smile:
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    MichaellMichaell Moderator Posts: 242,888

    Hello kyfdx,

    Do you have the lease figures for a REx model for 36/15k?

    Thanks! :smile:

    .00125 and 50%. $4875 lease credit.

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    EandOHEandOH Member Posts: 24
    Hello again Michael! We just corresponded on Honda Accord Hybrid Touring Leases. Want to compare it to the BMW i3!

    Assuming in SC (29926) BMW i3 w/range extender and selling price of $47,000, what would a 24 month, $0 down, 12k per yr monthly payment look like?

    Many thanks!!
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    MichaellMichaell Moderator Posts: 242,888
    EandOH said:

    Hello again Michael! We just corresponded on Honda Accord Hybrid Touring Leases. Want to compare it to the BMW i3!

    Assuming in SC (29926) BMW i3 w/range extender and selling price of $47,000, what would a 24 month, $0 down, 12k per yr monthly payment look like?

    Many thanks!!

    .00125 and 62% for 24/12. $4875 lease credit.

    If you can provide the MSRP, I can model the payment.

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    EandOHEandOH Member Posts: 24
    MSRP of $53,000.....selling price of $47,000
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    MichaellMichaell Moderator Posts: 242,888
    EandOH said:

    MSRP of $53,000.....selling price of $47,000

    Oh, dear. With that MSRP and selling price, along with the MF and residual I quoted above, I get a pre-tax payment of $688.99/mo for 24 months.

    Using the 36/12 residual of 52%, the pre-tax payment drops a bit, to $633.20

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    kyfdxkyfdx Moderator Posts: 239,107
    EandOH said:

    MSRP of $53,000.....selling price of $47,000


    2014 i3 REX has $7500 of incentives... Does your selling price include all incentives?

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    EandOHEandOH Member Posts: 24
    Wow! Thanks for the info. That's a lot of money. My mortgage payment is less but I did have to put money down!

    I wonder how a BMW dealer near Atlanta can advertise this "special". I realize the devil is in the details and plan on calling them on Monday. Appears they want you to put $5k down?..........

    2014 BMW i3 with Range Extender now only $195 Per Month For 24 Months!

    Special Offer:

    24-month well-equipped at $195 month! Includes all dealer fees.
    $12,500 Down
    -$7500 Federal Tax credit.

    $5,000 Down After Applying Ga State And Federal Tax Credit!

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    absolutrajabsolutraj Member Posts: 6
    I' d like to get an assessment on the lease deal I am getting. I3 Rex. Mega world. with Solar Orange and 20" wheels.
    MSRP: 49,050
    Negotiated price: 44,705.15
    Money factor: .00145

    For a 24mo/10k lease
    $4900 cash dues at signing (Includes first lease payment)
    $289.00/month after that.

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    absolutrajabsolutraj Member Posts: 6
    No thoughts folks? 
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    MichaellMichaell Moderator Posts: 242,888

    I' d like to get an assessment on the lease deal I am getting. I3 Rex. Mega world. with Solar Orange and 20" wheels.
    MSRP: 49,050
    Negotiated price: 44,705.15
    Money factor: .00145

    For a 24mo/10k lease
    $4900 cash dues at signing (Includes first lease payment)
    $289.00/month after that.

    Base MF is .00125 - dealer is marking that up on you.

    $4875 lease credit available, so your negotiated price should be reduced by that amount - unless that is your cash due at signing.

    24/10 residual is 63%.

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    absolutrajabsolutraj Member Posts: 6
    Thanks Michael!
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    td_inctd_inc Member Posts: 55
    Michaell said:

    I' d like to get an assessment on the lease deal I am getting. I3 Rex. Mega world. with Solar Orange and 20" wheels.
    MSRP: 49,050
    Negotiated price: 44,705.15
    Money factor: .00145

    For a 24mo/10k lease
    $4900 cash dues at signing (Includes first lease payment)
    $289.00/month after that.

    Base MF is .00125 - dealer is marking that up on you.

    $4875 lease credit available, so your negotiated price should be reduced by that amount - unless that is your cash due at signing.

    24/10 residual is 63%.
    Hey Michael, can you tell me of that lease credit is applied to payment or cap cost?
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    kyfdxkyfdx Moderator Posts: 239,107
    td_inc said:

    Michaell said:

    I' d like to get an assessment on the lease deal I am getting. I3 Rex. Mega world. with Solar Orange and 20" wheels.
    MSRP: 49,050
    Negotiated price: 44,705.15
    Money factor: .00145

    For a 24mo/10k lease
    $4900 cash dues at signing (Includes first lease payment)
    $289.00/month after that.

    Base MF is .00125 - dealer is marking that up on you.

    $4875 lease credit available, so your negotiated price should be reduced by that amount - unless that is your cash due at signing.

    24/10 residual is 63%.
    Hey Michael, can you tell me of that lease credit is applied to payment or cap cost?
    It's applied as a CAP cost reduction.

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    nicks4nicks4 Member Posts: 79
    Could you please post the Money Factor, Residual Percentage & Lease Credit for:

    Option 1:
    2015 i3 with Range Extender
    24 Month Lease
    15K per Year

    Option 2:
    2014 i3 with Range Extender
    24 Month Lease
    15K per Year

    Thank you in advance
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    MichaellMichaell Moderator Posts: 242,888
    nicks4 said:

    Could you please post the Money Factor, Residual Percentage & Lease Credit for:

    Option 1:
    2015 i3 with Range Extender
    24 Month Lease
    15K per Year

    Option 2:
    2014 i3 with Range Extender
    24 Month Lease
    15K per Year

    Thank you in advance

    2014 - .00125 and 60%. $2000 buildout cash and $5500 lease credit.

    2015 - .00129 and 60%. $4875 lease credit.

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    nicks4nicks4 Member Posts: 79
    Thank you very much. Could you please explain how the "Buildout Cash" & "Lease Credit" are applied? Maybe give an example?
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    MichaellMichaell Moderator Posts: 242,888
    nicks4 said:

    Thank you very much. Could you please explain how the "Buildout Cash" & "Lease Credit" are applied? Maybe give an example?

    These are both incentives that can be used to reduce the selling price of the car or to offset the up front costs of a lease - first payment, acquisition fee, etc.

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    lcharlton3lcharlton3 Member Posts: 21
    I am looking to roll in the acquisition fee, I have heard its a bump to the MF of .00035, does that sound right? Thanks in advance
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    MichaellMichaell Moderator Posts: 242,888

    I am looking to roll in the acquisition fee, I have heard its a bump to the MF of .00035, does that sound right? Thanks in advance

    I have no information on that stipulation - cannot confirm nor deny.

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    lcharlton3lcharlton3 Member Posts: 21
    Michaell said:

    I am looking to roll in the acquisition fee, I have heard its a bump to the MF of .00035, does that sound right? Thanks in advance

    I have no information on that stipulation - cannot confirm nor deny.
    Thanks Ill keep you posted if it is something that ends up going off.
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    lcharlton3lcharlton3 Member Posts: 21
    So does this sound like a good deal? and what do you come up with for the monthly

    Rate: .00125
    Residual: 63%

    24/10

    MSRP: $49,875
    -$5773 - Discout on car
    -$5500 - Lease Credit
    -$2000 - Build Out
    -$500 USAA - But I think it should be $1,000

    $42,102 Sales price
    $6,000 in Rebates
    $31,421.25 Residual


    Rolled in
    4.17 % VA Sales and use Tax
    $399 Dealer Processing
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    lcharlton3lcharlton3 Member Posts: 21
    oops and MF of .00125
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    kyfdxkyfdx Moderator Posts: 239,107

    I am looking to roll in the acquisition fee, I have heard its a bump to the MF of .00035, does that sound right? Thanks in advance

    Two different things..

    1) Rolling it in: This means adding the acquisition fee to the CAP cost and covering it in the monthly payment

    2) Acquisition fee waiver: Eliminating the fee by taking a bump in the money factor (.00035 was correct, last time I saw it).

    It's almost always less money to do option #1. Option #2 is only cheaper on short-term leases of relatively low-priced models. Run the numbers both ways. You have a short-term lease, but you don't have a low-priced model.

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    lcharlton3lcharlton3 Member Posts: 21
    Getting a little confused with the taxes while figuring the net cap cost, so I attached the deal worksheet from the dealer. Does this help? Thanks in advance!
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    MichaellMichaell Moderator Posts: 242,888

    Getting a little confused with the taxes while figuring the net cap cost, so I attached the deal worksheet from the dealer. Does this help? Thanks in advance!

    what state is this? tax obligations for a lease vary.

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    kyfdxkyfdx Moderator Posts: 239,107

    Getting a little confused with the taxes while figuring the net cap cost, so I attached the deal worksheet from the dealer. Does this help? Thanks in advance!

    Looks like Virginia?

    Taxes seem awfully high... Isn't VA tax 4.17% of selling price?

    Not to mention, $599 doc fee... shewwwww

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    lcharlton3lcharlton3 Member Posts: 21
    I asked the same question, this was the response....The lease structure that you see shows what you will be paying in property taxes over the next two years . It is not calculated in the deal . You only pay 4.2% sales on the sale price and processing fee. A lot clients get that confused . This structure is correct regarding your payments. You see the MF and residual . Everything is clearly on the sheet . Yeah the $599 looks like a markup on the deal, most other dealers in the area are right at or below $399....just trying to get $200 bucks out of it...
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    lcharlton3lcharlton3 Member Posts: 21
    Oh and sorry yes sir Virginia.
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    kyfdxkyfdx Moderator Posts: 239,107

    Oh and sorry yes sir Virginia.

    Well.... the deal sheet is kind of useless without the CAP cost and what's included. They could put anything they want on there, if they say later what is and isn't included.

    I'm not doubting them.. just an observation. At least you know it's the base money factor.

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    coolacoocoolacoo Member Posts: 3
    Looking for the current lease deals (mf, residual and any incentives) in Southern California for both the 2014 and 2015 i3 for 30 and 36 months terms / 10k annual.

    Thanks in advance.
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    kyfdxkyfdx Moderator Posts: 239,107
    coolacoo said:

    Looking for the current lease deals (mf, residual and any incentives) in Southern California for both the 2014 and 2015 i3 for 30 and 36 months terms / 10k annual.

    Thanks in advance.

    2014: .00125 MF and 58%/53% residual. $7500 total incentives

    2015: Same numbers, but $4875 total incentives

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    hateraidhateraid Member Posts: 5
    Hello!
    Trying to purchase an I3 and I'm coming up with a different payment than the dealer. Not sure if I'm calculating the payment correctly.

    MSRP: 45,650
    Negotiated price: 37,518 (after 2000 build out)
    Lease rebate: 5,500
    Net cap: 32,018
    Residual: 57% on 30 month
    MF: .00125
    Tax: 8%

    Covering drive off fees of $1,475 out of pocket ( not sure if that's reasonable or not for bmw). I get a payment of $294.27, dealer is at $328.27.

    Thanks
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    kyfdxkyfdx Moderator Posts: 239,107
    hateraid said:

    Hello!
    Trying to purchase an I3 and I'm coming up with a different payment than the dealer. Not sure if I'm calculating the payment correctly.

    MSRP: 45,650
    Negotiated price: 37,518 (after 2000 build out)
    Lease rebate: 5,500
    Net cap: 32,018
    Residual: 57% on 30 month
    MF: .00125
    Tax: 8%

    Covering drive off fees of $1,475 out of pocket ( not sure if that's reasonable or not for bmw). I get a payment of $294.27, dealer is at $328.27.

    Thanks

    I get about the same thing that you do..

    Ask the dealer to confirm all the numbers.

    What state?

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    hateraidhateraid Member Posts: 5
    kyfdx said:

    hateraid said:

    Hello!
    Trying to purchase an I3 and I'm coming up with a different payment than the dealer. Not sure if I'm calculating the payment correctly.

    MSRP: 45,650
    Negotiated price: 37,518 (after 2000 build out)
    Lease rebate: 5,500
    Net cap: 32,018
    Residual: 57% on 30 month
    MF: .00125
    Tax: 8%

    Covering drive off fees of $1,475 out of pocket ( not sure if that's reasonable or not for bmw). I get a payment of $294.27, dealer is at $328.27.

    Thanks

    I get about the same thing that you do..

    Ask the dealer to confirm all the numbers.

    What state?
    Thanks, I live in California. I have asked for a break down but cant get a clear answer. When I asked they stated that the "drive offs" get added to the cap cost and the $5500 rebate is applied AFTER cap cost and does not bring it down. I dont believe that is correct but I could be wrong.
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    kyfdxkyfdx Moderator Posts: 239,107
    hateraid said:

    kyfdx said:

    hateraid said:

    Hello!
    Trying to purchase an I3 and I'm coming up with a different payment than the dealer. Not sure if I'm calculating the payment correctly.

    MSRP: 45,650
    Negotiated price: 37,518 (after 2000 build out)
    Lease rebate: 5,500
    Net cap: 32,018
    Residual: 57% on 30 month
    MF: .00125
    Tax: 8%

    Covering drive off fees of $1,475 out of pocket ( not sure if that's reasonable or not for bmw). I get a payment of $294.27, dealer is at $328.27.

    Thanks

    I get about the same thing that you do..

    Ask the dealer to confirm all the numbers.

    What state?
    Thanks, I live in California. I have asked for a break down but cant get a clear answer. When I asked they stated that the "drive offs" get added to the cap cost and the $5500 rebate is applied AFTER cap cost and does not bring it down. I dont believe that is correct but I could be wrong.
    If they aren't willing to be clear and explain the calculations, then shop around.. you can throw a rock and hit three BMW dealers in California..

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    hateraidhateraid Member Posts: 5
    Thanks Kyfdx,
    Before walking away from the dealer I just wanted to be sure I had my numbers correct. They had me questioning wether I had calculated correctly.
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    htwnrverhtwnrver Member Posts: 8
    Are these numbers still valid for May for a 2014 i3 (with or without rex)? .00125 and 63% for 24/10 and 53% for 36/10. $7500 in lease incentives?
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    MichaellMichaell Moderator Posts: 242,888
    htwnrver said:

    Are these numbers still valid for May for a 2014 i3 (with or without rex)? .00125 and 63% for 24/10 and 53% for 36/10. $7500 in lease incentives?

    Yes, those numbers are still valid in May...

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    htwnrverhtwnrver Member Posts: 8
    Can you verify if there is still $7500 in lease incentives in Texas? My dealer (and the bmwusa site) is saying $500 buildout and $4875 in lease cash this month on 2014s.
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    MichaellMichaell Moderator Posts: 242,888
    htwnrver said:

    Can you verify if there is still $7500 in lease incentives in Texas? My dealer (and the bmwusa site) is saying $500 buildout and $4875 in lease cash this month on 2014s.

    BMW numbers are national .. and we show $2000 Buildout Cash and $5500 lease credit on all 2014 i3s.

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    Conan711Conan711 Member Posts: 25
    Can you please post residual and incentives for 2015 i3? I just read somewhere that lease credit has been increased to $7500?
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    MichaellMichaell Moderator Posts: 242,888
    Conan711 said:

    Can you please post residual and incentives for 2015 i3? I just read somewhere that lease credit has been increased to $7500?

    We only show $4875 for 2015 models. If there was a mid-month change in the incentives, we wouldn't know about it.

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    Conan711Conan711 Member Posts: 25
    Michaell said:


    We only show $4875 for 2015 models. If there was a mid-month change in the incentives, we wouldn't know about it.

    what about 24 & 36 month residual on '15 models?
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    MichaellMichaell Moderator Posts: 242,888
    Conan711 said:

    Michaell said:


    We only show $4875 for 2015 models. If there was a mid-month change in the incentives, we wouldn't know about it.

    what about 24 & 36 month residual on '15 models?
    60% for 24/15 and 50% for 36/15

    .00129 MF

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    lastmacuserlastmacuser Member Posts: 10
    edited May 2015
    We were invited to an i3 event this weekend at our local dealer, Monterey bay area, CA. Any special lease deals for the event?
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    MichaellMichaell Moderator Posts: 242,888

    We were invited to an i3 event this weekend at our local dealer, Monterey bay area, CA. Any special lease deals for the event?

    None that I'm aware of ... read back through the last page or two of this discussion to see current lease terms available.

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    bobeeboobobeeboo Member Posts: 2
    What is the incentives, lease rate, MF, residual for 2014 and 2015 i3 ReX 30/12k for May?
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    MichaellMichaell Moderator Posts: 242,888
    bobeeboo said:

    What is the incentives, lease rate, MF, residual for 2014 and 2015 i3 ReX 30/12k for May?

    2014 - .00125 and 57%. $7500 lease incentives

    2015 - .00129 and 57%. $4875 lease incentives

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    lastmacuserlastmacuser Member Posts: 10
    Going in today for lease i3 rex. I see some contradictory numbers for May.

    Michaell said:

    bobeeboo said:

    What is the incentives, lease rate, MF, residual for 2014 and 2015 i3 ReX 30/12k for May?

    2014 - .00125 and 57%. $7500 lease incentives

    2015 - .00129 and 57%. $4875 lease incentives
    Michaell said:

    Conan711 said:

    Michaell said:


    We only show $4875 for 2015 models. If there was a mid-month change in the incentives, we wouldn't know about it.

    what about 24 & 36 month residual on '15 models?
    60% for 24/15 and 50% for 36/15

    .00129 MF
    What are numbers for 14 and 15. 10k/24 and 10k/36. Thanks.

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